Mesa Royalty Trust (NYSE:MTR) Announces Earnings Results

Mesa Royalty Trust (NYSE:MTR) posted its quarterly earnings data on Friday. The energy company reported $0.07 earnings per share (EPS) for the quarter, Zacks reports. Mesa Royalty Trust had a return on equity of 11.24% and a net margin of 65.19%.

Mesa Royalty Trust Price Performance

Shares of NYSE:MTR traded up $0.07 during trading on Friday, reaching $2.90. 9,080 shares of the company were exchanged, compared to its average volume of 14,030. The firm has a market capitalization of $5.38 million, a PE ratio of 14.47 and a beta of 0.44. The business’s fifty day simple moving average is $3.15 and its 200-day simple moving average is $4.17. Mesa Royalty Trust has a 12-month low of $2.82 and a 12-month high of $5.83.

Mesa Royalty Trust Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, May 29th were given a dividend of $0.0403 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 16.7%.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Mesa Royalty Trust from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Mesa Royalty Trust Company Profile

Mesa Royalty Trust (NYSE: MTR) is a statutory trust that holds overriding royalty interests in oil and natural gas properties primarily located in the Permian Basin of Texas and New Mexico. Established in 1981 by Mesa Production Oil & Gas, Inc, the trust’s portfolio comprises interests in thousands of producing wells across key producing areas, including the Midland, Delaware and Central Basin platforms. These interests provide the trust with net revenue rights to a portion of the hydrocarbons produced from the underlying formations.

The trust’s core business activity is the collection and distribution of royalty income derived from the sale of crude oil, natural gas and natural gas liquids (NGLs).